2520 PIERCE ST N E MINNEAPOLIS MN 55418

PID: 1202924240167

Property Overview

Parcel ID1202924240167

Lot Size4,715 sq ft (0.108 ac)

Lot Dimensions (est.)127 ft wide × 37 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerPHILIP CHAN

Assessed Value$325,700

Land Value$108,000

Building Value$217,700

Annual Tax$6,237

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $1K total declared value · Most recent: Nov 2025 (existres)

ExistresNov 2025Final Inspection

Residential Heating and Air Conditioning Inc

ComnofdbvJul 2019Expired

Appliance Installers of Minnesota INC

MiscOct 2018Closed

$200

Philip Chan

RemodelOct 2018Closed

$300

Philip Chan

RemodelSep 2018Closed

$500

Philip Chan

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Audubon Park · Minneapolis

Median reported rent1,414/mo

Renter-occupied47.2%

Median home value$288K

Vacancy rate1.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 11

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width27 ft

Buildable depth87 ft

Area~2,361 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,361 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2524 PIERCE ST N E MINNEAPOLIS MN 55418	LINDA S HULTQUIST	RESIDENTIAL-TWO UNIT	$353,600	37 ft
2516 PIERCE ST N E MINNEAPOLIS MN 55418	KELLY M RYAN	RESIDENTIAL-TWO UNIT	$320,700	37 ft
2514 PIERCE ST N E MINNEAPOLIS MN 55418	JAMES C HITT	RESIDENTIAL	$247,200	74 ft
2528 PIERCE ST N E MINNEAPOLIS MN 55418	L M PROESCHOLDT/J C A FREUDE	RESIDENTIAL	$341,100	76 ft
2512 PIERCE ST N E MINNEAPOLIS MN 55418	D J REKSTAD & M L REKSTAD	RESIDENTIAL	$507,000	111 ft
2532 PIERCE ST N E MINNEAPOLIS MN 55418	KIRSTIN D PARKER	RESIDENTIAL	$324,800	118 ft
2521 FILLMORE ST N E MINNEAPOLIS MN 55418	L J HOSFIELD & K B YOUNG	RESIDENTIAL	$326,700	139 ft
2517 FILLMORE ST N E MINNEAPOLIS MN 55418	ROSELLA STOW	RESIDENTIAL-TWO UNIT	$282,300	144 ft
2525 FILLMORE ST N E MINNEAPOLIS MN 55418	ESTHER LIU	RESIDENTIAL	$179,900	144 ft
2508 PIERCE ST N E MINNEAPOLIS MN 55418	FRANK J GASCICH	RESIDENTIAL	$216,000	148 ft

Property History

Most Recent Sale

Date201806

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,237